ZIP 47950 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47950 in the Carroll County, IN FMR area.

Carroll County, IN

$830Efficiency

$8501 bedroom

$1,1102 bedrooms

$1,3203 bedrooms

$1,4704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$760
1 bedroom	$850	$765	$935	$787
2 bedrooms	$1,110	$999	$1,221	$1,027
3 bedrooms	$1,320	$1,188	$1,452	$1,232
4 bedrooms	$1,470	$1,323	$1,617	$1,396

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

White County, IN

$830Efficiency

$8501 bedroom

$1,1102 bedrooms

$1,3203 bedrooms

$1,4704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$848
1 bedroom	$850	$765	$935	$867
2 bedrooms	$1,110	$999	$1,221	$1,134
3 bedrooms	$1,320	$1,188	$1,452	$1,351
4 bedrooms	$1,470	$1,323	$1,617	$1,490

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 47950

$58,622average adjusted gross income per tax return (2022)

$39,180average salaries and wages per return

400tax returns filed

23%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	32.5%
$25,000 to $50,000	22.5%
$50,000 to $75,000	15.0%
$75,000 to $100,000	12.5%
$100,000 to $200,000	17.5%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47950?

HUD's FY2027 Small Area FMRs for ZIP 47950 (Carroll County, IN) are $830 efficiency, $850 one bedroom, $1,110 two bedrooms, $1,320 three and $1,470 four bedrooms.

What payment standard can a housing authority set in ZIP 47950?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $999 to $1,221.

How affordable is rent in ZIP 47950?

Tax returns filed from ZIP 47950 reported an average adjusted gross income of $58,622 (2022). A two-bedroom unit at the Small Area FMR costs $13,320 a year, or 23% of that income.